Case Study: Grafton Group reduces invoice approvals from 40 to 10 days with SoftCo accounts payable automation

Grafton Group cuts invoice approvals from 40 days to 10 with SoftCo

Grafton Group, a construction company processing 200,000 invoices annually across 35 locations, faced a significant challenge with its accounts payable process. With over 100 approvers, the lack of visibility and control resulted in slow approval cycles of up to 40 days. To address this, they partnered with SoftCo for an accounts payable automation solution.

SoftCo implemented its automation platform to streamline invoice processing, matching, and approvals, providing Grafton with a single, unified view of the entire AP function. The results were substantial, reducing the approval cycle from 40 days to just 10 and enabling 75% of invoices to be processed touchlessly. This nearly doubled AP productivity and delivered a full return on investment within the first year.

Grafton Group